Grand Island Metro Area, NE Economy


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United States / Nebraska / Grand Island Metro Area / Counties / Cities / Zip Codes
Grand Island, NE Metro Area is a popular area to live. It offers many local businesses such as Hy-Vee, Runza, Union Bank & Trust, and Wal-Mart. The cost of living is lower than in the US overall; for example, 2 bedroom rent in Grand Island is around $880 compared to the $1,430 national average. The grocery cost index of 95 in Grand Island versus 100 in the US also demonstrates that it is more affordable to live here than other places.

Grand Island Metro Area has an unemployment rate of 3.1%. The US average is 6.0%.

Grand Island Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Grand Island Metro Area
- The Sales Tax Rate for Grand Island Metro Area is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Grand Island Metro Area is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Grand Island Metro Area
- The average income of a Grand Island Metro Area resident is $24,983 a year. The US average is $28,555 a year.
- The Median household income of a Grand Island Metro Area resident is $60,622 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrand Island, NebraskaUnited States
  3.16
  -2.4%-6.2%
  27.6%33.5%
  5.5%6.2%
  6.8%4.6%
  $30,494$37,638
  $60,622$69,021
  $74,560$85,028
  Population by Occupation
  4.5%1.2%
  0.2%0.5%
  8.4%6.8%
  17.7%10.0%
  2.4%2.5%
  12.4%11.0%
  4.9%4.8%
  0.8%0.8%
  1.4%1.9%
  4.6%4.7%
  1.1%1.9%
  2.6%7.6%
  0.2%0.1%
  2.8%4.2%
  6.7%9.3%
  14.4%14.0%
  1.6%2.1%
  5.1%7.0%
  4.4%4.8%
  3.8%4.7%
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